How I Made $25K Extra (By Pricing My Wholesale Too High)
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Hey guys, welcome back to another exciting lesson in the wholesaling arena. This time we turn back to one of our key in-house wholesaling advisors, Alex Pardo. Alex has contributed a lot of great content about wholesaling.
Today, we’re gonna dig into one of Alex’s recent deals and listen as he explains why he had to renegotiate one his wholesale deals after realizing that it was priced too high… and how he was actually able to make an extra $25,000 as a result of that. I know, it sounds a little counterintuitive, but you’ll understand when you tune in to Alex’s video lesson below.
As a side note to this, you may recall a lesson that JP shared with us about how to renegotiate wholesale deals. JP laid out his exact strategy for renegotiating…
has been investing in real estate for 9 years. Before he started working on his real estate investing business, he worked for GE Consumer Finance in their Financial Management Program. He quickly realized that staring at Microsoft Excel for 14 hours a day was the fast lane to the dreaded rat race, so he completed the 2-year program, and decided to backpack around Europe and Africa for 3 months, before diving into Real Estate full-time. Two months later, he closed his first deal and made $44,000. Almost as much as he made in 1 year at General Electric, and needless to say he hasn’t looked back. Fast forward to today, he has started several businesses and has learned as much from his failures as he has from his successes. To date his company has closed over 250 real estate transactions and has helped countless homeowners and investors in the process.
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